Biometric-as-a-Service Market Share, Growth Prospects and Key Opportunities by 2025
The report " Biometric-as-a-Service Market Trend by Offering, Solution (Fingerprint Recognition, Iris Recognition, Voice Recognition, Palm & Vein Recognition), Trait (Physiological, Behavioral), Modality, Organization Size, Vertical, Region-Global Forecast to 2025" size to grow from USD 1.5 billion in 2020 to USD 3.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7% and post COVID-19 market size is expected to grow from 1.4 billion to 3.6 billion at a CAGR of 19.7% during the forecast period. Increasing users and data-security initiatives by government, growing usage of mobile devices, and rising demand for robust fraud detection and prevention systems are major growth factors for the market. The growing demand for fast and secure users’ identification and regulatory compliances in healthcare to handle patient information with the utmost privacy and proper care would provide opportunities for vendors in the biometric-as-a-service market. In th...